Asian stocks rise as trade war worries worsen

Trader Robert Moran, right, and specialist Patrick King work on the floor of the New York Stock Exchange, Friday, Aug. 9, 2019. Stocks moved broadly lower in early trading On Wall Street Friday as investors again retreated to safer holdings in a market racked by fear and anxiety over trade disputes. (AP Photo/Richard Drew)

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Seoul’s Kospi added 0.5% to 1,947.05 and Sydney’s S&P-ASX 200 was flat at 6,582.60. Markets in Taiwan and New Zealand declined. Exchanges in Singapore and Thailand were closed for holidays.

On Wall Street, the S&P 500 ended down 0.7% on Friday at 2,918.65. The Dow Jones Industrial Average fell 0.3% to 26,287.44 and the Nasdaq lost 1% to 7,959.14.

ENERGY: Benchmark U.S. crude lost 18 cents per barrel to $54.33 in electronic trading on the New York Mercantile Exchange. The contract rose $1.94 on Friday to close at $54.40. Brent crude, used to price international oils, shed 13 cents to $58.40 per barrel in London. It gained $1.15 the previous session to $58.53.

CURRENCY: The dollar edged down to 105.47 yen from Friday’s 105.66 yen. The euro gained to $1.1208 from $1.1201.

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